Update of my chart and article of a few days back.
The goal is 30 pips, but you would need to understand the Ichomokui indicator noted on the chart and Asian session (which is normally has low volume).
Also, noted pivot points which are on the chart, expansion phase hit exactly on S1 and reverse (beautiful), these are a great support and or resistance points, to use in your trading. Wish you best, always use stop loss and only 1% to 2% of your trading account per trade, related to money management.
I use now only three things on my charts to trade: Sessions, Pivot points and Ichomokui indicators. The reason is those other indicators and lagging and take up space on charts and charts are the number one reason to trade or price action, not indicators.
Trade stängt: målet nått
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Price Action hit R 1 or goal, would have got out of daily goal with around 30 pips. Not bad for Monday or Friday trading which tends to be lower volume and PA.
Trade stängt: målet nått
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The idea was right and target hit, keep trading simple. Why? life is hard enough.
Could you please point me towards which indicators to use to identify the contraction phase?